Bill > A01163

This bill amends Section 606 of the tax law to introduce a new credit for taxpayers who develop open source or free software license programs, offering a tax credit of up to $200. This credit is calculated as twenty percent of the taxpayer's out-of-pocket expenses incurred in developing a program released under an open source license recognized by the Open Source Initiative or a free software license recognized by the Free Software Foundation. The bill specifies that this credit is elective for individual taxpayers and can only be applied to a specific program in a given taxable year, with any unused credit amount able to be carried over to subsequent years, though it cannot exceed the taxpayer's total tax liability for the year.